Problem 6-8 (LO6.2) Use the following data: Down payment (to finance vehicle) Down payment for lease Monthly lease payment Length of lease End-of-lease charges a. What is the total cost for buying and for leasing a motor vehicle with a cash price of $28,350? Monthly loan payment Length of loan Value of vehicle at end of loan Buying Leasing Buying Total Cost O Leasing $ 4,800 $ 670 48 months b. Based on your answers in part a, would you recommend buying or leasing? $ 8,800 $1,600 $ 520 48 months $ 800

Problem 6-8 (LO6.2) Use the following data: a. What is the total cost for buying and for leasing a motor vehicle with a cash price of $28,350 ? b. Based on your answers in part a, would you recommend buying or leasing? Buying Leasing